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go from here. if boehner and obama sat down, we would be able to come up with an agreement. >>> we looking at the most likely scenario being a partial deal and maybe spending the first few weeks in january to hammer out something more concrete and long-term? >> absolutely. what may happen and what a lot of economists and others have been predicting for a month or so is maybe we go over a cliff for a couple of days, there after they do decide to stop the tax hikes on 98% of the people. it makes it easier for republicans to then vote for that. they are not voting for a tax hike. they are voting to lower taxes on 98% of americans after we go over the cliff. after we go over the cliff, that may be what puts pressure on a number of members to coming to o to have a deal after the fact. >> on our air a few minutes ago, this is what she said about the tax increase including both boehner's plan b and the plans that are here by the white house. take a listen. >> i think it is essential that we start talking about what amount can be passed on a bipartisan basis. i am to believe she shouldn't
, don't even bring that person over here. if barack obama backs down two senate republicans on this, it's going to set a stage for the beginning of his second term that the senate republicans, who they lost this election, are controlling who is in his cabinet. >> what is so hysterical is john kerry, go back to 2004, let's talk about the political arguments from the right about this man's military experience, about who he was, go back to his vietnam days, the swift vote, now he's god's gift. well, he's creating a vacuum with a very senior senate position. he's creating a race in massachusetts, so now they love this man, and yet chuck hagel, independent, thoughtful, conservative, two purple hearts, is not good enough because politically it's not as -- as effective. >> not to beat up on jonathan chait, because i wouldn't do that -- >> go ahead, i'm right here. >> there's a veritable brady bunch of nominees and almost-nominees. we're going to put up the brady bunch on the screen, elizabeth warren, highly qualified, tom daschle, susan rice we just discussed, peter diamond, a nobel economist
filibuster anything that harry reid ends up making with president obama? we have a paired down legislation extending for income below $250,000 and doing something with unemployment insurance that you were talking about? the question is a senate filibuster, democrats need 60 votes and republican votes, mcconnell ends up filibustering and will there be senators who support the legislation and blocking the filibuster. a lot of gymsmanship and republicans when you lock at the situation in the house and the inability to pass along the other things, they are on the verge of taking a lot of blame if they filibuster the legislation and the house doesn't act on it. >> and only democratic support developing here. how much is he going to agree with the president when he has the election in 2014? some folks don't want to appear in any way too close to president obama right now. >> let's move on in terms of massachusetts. we got the information that ted kennedy jr. will not run. scott brown doing well in all the polls. president obama will be fully engaminged in pass pass. how is that looking? they don
tomorrow. any plan may come down to the wire. president obama spent part of his christmas greeting troops in hawaii. tonight he leaves for washington and a state of gridlock as lawmakers struggle to come to a compromise. members of the house and senate are heading back to capitol hill tomorrow. >> everybody can pull off and drink some eggnog and have some christmas cookies. >> and return to washington after john boehner failed to get enough support for a plan b that would raise taxes on those making more than a million dollars a year. >> it begin to address our nation's crippling debt. >> with the january 1 deadline quickly approaching, some are worried we could fall off. >> it would be the most colossal act of congressional irresponsibility in a long time if that happens. >> some strong words from senator lieberman. the president is expected to arrive tomorrow morning. >> how promising does is look that they will find a solution? >> we have heard president obama and speaker john boehner calling each other optimist. 50% of americans do that think both sides will come to an agreement. kind
, but with new year's just a few days away a plan to avoid the fiscal cliff may come down to the wire. president obama spent part of this christmas greeting troops and how why he. >> not only do we have the finest military in the world -- >> but tonight he will leave the state for washington, and a state of gridlock, calls it -- as they struggle to come to a compromise to avoid tax hikes and spending cuts. members of both the house and senate are also heading back to capitol hill tomorrow. after the holiday break the president hopes will provide perspective. >> everybody can cool off, everybody can drink some eggnog and have some christmas cookies. >> and return to washington after speaker john boehner failed to get enough support for muslim party for a plan b that the bill that would raise taxes for those making more than a million dollars a year. >> what the president has offered so far simply would not do anything to solve our spending problem and begin to address the nation's crippling debt. >> so are still a stalemate. with the january 1 deadline quickly approaching, some were very we might
before the talks broke down. we have the quotes. john boehner said to obama, quote, i put $800 billion in tax revenue on the table. what do i get for that? allegedly we understand president obama came back to him and said, you get nothing. i get that for free. you get nothing. >> there were a couple eye-opening quotes. a "wall street journal" story before christmas that went through the timeline of how this happened between painer and the president -- boehner and the president. boehner put the rough knee on the table and the president saying that's what i get out of the gate. you get nothing for that, which was a surprise to the speaker. he said if we go over the cliff, that the president threatened boehner, he said i will use my inaugural address to blame you for tax increases and for the fiscal cliff going overboard. that brings out pretty big guns when it comes to a president's bully pulpit. if atlantes to use that to play politics, that's significant. >> i have to bring this up. but how did they get to the point where the speaker tried to bring a vote to his caucus to be rejected?
and it's not over yet. >>> president obama cuts his christmas vacation short as the clock ticks down on the so-called fiscal cliff. >>> and christmas around the country. why are movies so long. and the long high heft speed train 2. "early today" starts now. >> announcer: this is "early today" for wednesday, december 26ing, 2012. >>> and a very good morning to you, i'm richard lui. christmas was anything but merry on wednesday. at least three deaths are blamed on a weather storm that spawns tornadoes in four states and dumped snow as far as texas. nbc's chris pallone has the latest from alabama. >> oh, wow, oh, jesus, look at that tornado. >> reporter: in mobile, alabama, a christmas surprise no one wished for. a tornado that touched down right near the emergency center. the twister left lots of damage at its waking blowing out first and second floor floor windows. and tearing off the roof at the high school. with trees and power lines down, tens of thousands are without electricity. the storm sent people scrambling for cover. >> one of the customers looked out the window, and he said
the election, president and mrs. obama sat down with barbara walters. in this moment from their wide-ranging conversation, the first couple is revealing intimate moments from the campaign trail. >> mr. president, mrs. obama, there's a photograph of that you went viral. became the most-shared photograph in the history of twitter. here it is. when you look at this picture, what do you think? at what point was that? >> i think we were campaigning in iowa. >> why were you hugging her so hard in iowa? >> because i love my wife. >> also, i hadn't seen him in a while. when you're campaigning, we're two ships passing in the night. and the first time i saw him was when i walked onstage to greet him. and that's my honey giving me a hug. >> i like giving you hugs. >> how do you keep the fire going? >> that's a good question. >> you know, we've been married now 20 years. >> uh-huh. >> and like every marriage, i think you have your ups and you have your downs. but if you work through the tough times, the respect and love that you feel deepest. -- deepens. >> and there's a lot of laughter. you kno
. republicans have been going down. >> obama's 54%. right now it's a democratic advantage. >> democratic advantage right now. >> midnight monday still a democratic advantage? >> no. if you go over the cliff, everyone's in trouble. >> wednesday morning next week which is only a week away and we're into 2013 and no deal's been made, do you accept the fact that both guys are in trouble? >> i think it's a jump ball. i'm not sure what happens at that point. it depends on what the markets do. we'll say this. president obama doesn't have to worry as much as the members of congress do because he's not on the ballot again. >> but if there's a second recession, doesn't that kill his second term? >> i hear republicans and democrats and obama want to come together on middle class rates. i think they'll make a deal in early january to extend some part. >> but are you saying this doesn't really hurt? if they go sometime next friday, nine days from now, will the market go down and come up or will it plunge? >> the republicans want to cut a deal before the cliff. >> i know that. but if this thing goes o
to put up against barack obama. >> romney's campaign saw several ups and downs but appearing confident and in command in the first debate, romney threw president obama off the game with the president delivering a shaky performance. >> the first debate sets the tone and can have the most impact but yeah, look, this is a series. >> mr. obama regained the footing by the third and final debate and ultimately won re-election. >> the best is yet to come. >> long serving texas congressman ron paul decided not to seek re-election to focus on white house bid is one of several high profile members of congress that will retire this year. >> government gets bigger, the liberties are diminishing. >> barney frank and burton from the house, jon kyl, kay bailey hutchison, lieberman and nelson join members of the house and senate hanging up the congressional careers. 2012 also marked a milestone in implementation of president obama's healthcare law. in the 5-4 decision in june, the u.s. supreme court ruled a major crux of obamacare, the individual mandate is indeed constitutional. >> happy and pleased
tonight, a mountain of new regulations coming our way next year thanks to congress. we'll break it down. president obama promised to end crony capitalism. how is he doing? we'll have a report card. gerri: brace yourselves for a tsunami of new regulations on the way. a study finds new regulation still under review by the obama administration could cost $106 billion before the end of the year. the biggest culprits? the epa and the energy department. here to explain the director of regulation policy for the american action forum. sam, welcome. i want to start with this $106 billion number we were talking about in the break. this is a lot of money. so $106 billion. these are rules that are still being written that were supposed to go into place sometime this year. this as the laws not already on the books, this is what is coming. tell us about that. >> correct. for example, there are 25 economically significant regulation at the white house now, that is regulations with a economic impact of $100 million or more. some are rules under the affordable care act, menu labeling rules, rules for ve
. any plan may come down to the wire. president obama spent part of his christmas greeting troops in hawaii. >> we have the finest military in the world. >> tonight he leaves for washington and a state of gridlock as lawmakers struggle to come to a compromise. members of the house and senate are heading back to capitol hill tomorrow. the present hopes the break would provide some perspective. >> everybody can drink some eggnog and have some christmas cookies. >> and return to washington after john boehner failed to get enough support for a plan b that would raise taxes on those making more than a million dollars a year. >> what the present has offered will not do anything to solve our spending problems and begin to address our nation's crippling debt. >> with the january 1 deadline quickly approaching, some are worried we could fall off. >> if that happens, it would be the most colossal act of congressional irresponsibility in a long time. >> the president is expected to arrive tomorrow morning. hallie jackson, wbal-tv 11 news. >> you have a few days to save hundreds of dollars at
of the south, not over yet. president obama brings his christmas vacation short as the clock ticks down on the fiscal cliff. >>> and why are movies so long? >>> a look at the world's longest high speed train. good morning to you. i'm richard lui. christmas was anything but merry for residents of the deep south, where a winter storm packed a dangerous deadly punch. at least three deaths are being blamed on a severe weather system that spawned tornadoes in four states and dumped snow as far south as texas. the latest from alabama. >> reporter: oh, wow. oh, jesus, look at that tornado. >> reporter: in mobile, alabama, a christmas surprise no one wished for. a tornado caught on video as it touched down right this city center. emergency management officials say the twister left lots of damage in its wake blowing out first and second floor windows at the mobile infirmary medical center and the roof at the high school. so far no injuries or death, but wit trees and power lines down tens of thousands are without electricity. one store sent customers scrambling for cover. >> one customer looked
a deal in time. after spending part his christmas holiday visiting presidenthow y. hawaii, obama will return to resume talks. formal negotiations have yet to be scheduled. the house will reconvene on thursday. >> we have seen this game played before. it literally came down to the last minute. >> is the country goes over the fiscal cliff, some economists fear the combination of budget cuts and higher taxes could trigger another recession. others say the deadline is not as firm. congress could pass a temporary measure early that would roll back any changes. political analysts warn some consequences may be immediate. >> maybe a tremendous response and that would alarm everybody. >> stock prices dropped friday after a republican-led plan collapsed. nearly half of americans are doubtful the two sides can settle their differences. >> when the uncertain. tax rates will go up on 30 million households at least. that is something the politicians are going to respond to. >> house republican leaders called on the senate to pass to bills they said would avoid the fiscal cliff. republicans sai
creature was stirring the obama family dog making himself as home as the first lady sat down to read to kids at a washington d.c. children's hospital. a first lady tradition since the 1950s. bo ended up stealing the show. >> that's sweet. >> cute. >> looks at home. >>> a young bay area couple thanks anonymous donors for saving their dog. >> christin ayers reports. >> reporter: it was two weeks to christmas when nick and lindsey anderson realized that their 7-month-old siberian husky escaped from their bag yard but it was what they discovered when she came home that was devastating. >> she started barking at the back door and that's when we knew that she was hurt. she couldn't walk. she was dragging her paw. just crying. >> reporter: shasta had been hit by a car. her pelvis was broken in three places and surgery was going to cost $5,000. >> can't afford that. >> reporter: the only option was euthanasia so they got on craigslist to find someone to pay for the operation. instead, they found a woman named mary. >> a guardian angel set up this fundraising site on mary, wh
start. early numbers point to a tough season. tracy: a nice and shiny fiscal cliff. president obama cut his vacation short. we are tracking where it is headed next. we are expecting negotiations to continue tomorrow. there is talk now that that may not happen. time to head down to the new york stock exchange with nicole petallides. nicole: merry christmas to everybody. the vix, the fear index, has been to the upside. whether or not washington will solve the worries about the so-called fiscal cliff approaching quickly. here is a look at the dow. 13,100 even. most of the dow components are under pressure. hewlett-packard doing well and bank of america in the financial round. it really is being laid upon by the retailers. i no adam shapiro will add on to that. there is a look at some movers. michael cores down over 6%. tracy: i was in the balls this weekend. lori: crowded theater not like i thought it would be. adam shapiro in the newsroom with the details. i thought it was way busier last year than it was this weekend. >> no. here are some numbers. for the period of october to eight and d
working on a scaled-down plan as to avoid tax hikes. president obama is coming back from hawaii today because of the issue. >>> after a day off, investors are headed back to wall street. within an hour we are expecting new numbers on the housing market in u.s. cities. erica ferrari from is on the job in new york. >> reporter: good morning. asian markets were up this morning as investors snapped up year end stocks. tokyo's nikkei added 1.5% as japan swore in a new prime minister. the shanghai composite was up .25%. investors will return to wall street with concerns over the "fiscal cliff." on monday, before closing for christmas the dow lost 52 points while the nasdaq dropped 8. the white house says the president is cutting its vacation in hawaii short to deal with "fiscal cliff" negotiations. his focus, figure out a plan to avoid the huge spike in taxes and spending cuts set to take effect in 6 days. senate majority leader harry reid is believed to be crafting his own fiscal package including extending the bush- era tax cuts for households making less than $250,000. now
on president obama to use emergency powers to avoid a coast wide shut down warning that could cost billions of dollars. weeks after a western complex rauz crippled by a strike. that strike is estimated to have cost the u.s. 1 billion a day. this new phonings strike could effect more than 14,000 workers. together they handle 97 percent and could show supply chain across the entire country. the big issue is the labor dispute between the association which represent staff workers and maritime alliance. the talks between the two broke down december 18th and the union could strike if they can't reach an agreement before the latest contracts expire on december 29th. both sides get to agree on wages the sticking point is container royalties payments to union workers based on cargo rates. they want to cap the royalties at last year's level saying they morphed into a huge expense not relate to do the original purchase and bonus 15,500 a year for those already making more than $50 an hour. the payments are an important supplemental wage not a bone ub. those ranging the automobile industry to retail fe
it is to go over the fiscal cliff when senators barack obama, senator joe biden, senator harry reid in 2006 all turned down w's request to raise the debt ceiling . >> the fiscal cliff was born in 2011. >> he didn't like it then but he wants today. he wants carte blanche today. >> let him answer, rick. >> i listened to you. please listen to me. i know that's not easy for you. >> okay. >> but please listen to me. >> not easy because you don't say anything consistent. >> the seeds of the fiscal cliff were planted in 2001 with the ten-year window for the bush tax cuts. secondly, look, you're not going to like this, rick, but the fact is the president has come more than halfway in terms -- he hasn't come anywhere. he's come halfway on 7%. he hasn't come halfway on the other side, the entitlement side, the reform side. we're going to a too light deal that's too small. >> a lot of people are saying he wants to go over the cliff because it gives him more leverage. >> yes. >> his treasury secretary said that. tim geithner said that on cnbc. >> right. >> well, look, i mean, first of all, i don't beli
down and other things will take over the news and if obama doesn't stress and decide to invest capital, it won't make a big difference. one hope would be if someone like mike bloomberg and others under citizens united would step up and say we are going to stand and protect everybody who steps forward and votes for common sense mainstream gun reform. that might give them the political security to take on the nra and having investment to knock them out. >> i thought of that same thing. there needs to be significant counter weight to the nra. talking about the political reality, republicans obviously still in control of the house. we are focused on the fiscal cliff and whatever is going to happen with that. logistically, the time of the year. we are talking about months before there is going to be legislation that could be put on the table. what do you think could pully realistically have a chance of passing? >> i'm skeptical like you ever. i hope it plugs the loophole that they get through at the various gun shows. i hope there can be something on magazine clips. the thing i would most l
for a tax increase in 22 years. that has really slowed down the growth of government from what it would've been otherwise. now, obama comes in and wants to spend more and raise taxes. republicans are saying no. we would have a problem if obama hadn't increased the budget by a trillion dollars more a year. gerri: let's face it, whether you're talking about stimulus spending, obamacare, that's3 going to go through the roof, the things that you're going to pay for all this with higher taxes is lunacy, to say the least. on that note, we're going to have to leave it there. thank you for coming, grover. we hope to see you in the new year. christmas sales were weaker than expected. so now retailers have to give shoppers deeper discounts. in a new proposal to help struggling homeowners. don't worry, the government will take care of you. we will explain coming up next ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years
. the tax burden overall would be about the same. and the deficit if with starts to wind down. the problem is president obama has also presided over a french- style growth rates of 2% per year. is not the worst of jamee have been been in the post world war era. -- this is not the worst jam. reagan had the economy growing at 6%. whereas mr. obama, to%. the downside has been the notion of accepting a much slower broken. longer-term, the pyramid of our society is getting more like a column, because we're having more and more older people -- people are living older and we can raise the retirement age. even with that we will have a larger elderly population to take care of. 2% growth becomes very difficult to maintain our commitments to the elderly. if you think it's a great idea if you are 40 right now and it actually happens, you will have a lot of tears. host: greg in north carolina, independence, for peter morici. caller: dr. morici, i guess my question is pretty simple. i just want to know, i noticed that republicans and democrats squabble about a lot of stuff, they are partisan about a lo
obama being urged to help avoid a dock workers strike that would shut down more than a dozen east coast ports. business groups and lawmakers say if workers strike, it's going to cost billions of dollars and affect hundreds of thousands of jobs. it could begin this sunday after a current union contract expires. more than 14,000 workers handling the 95% of the cargo on the east coast are expected to walk off the job. >>> could text messages help save someone's life? maybe so, according to a new study. boston's harvard medical school says jibberish texts could reveal early warning signs of a stroke and other neurological diseases. doctors call it distextia. they say it could be helpful for those who communicate more often by texting than speaking on the phone. what if you're a new iphone operator and you have idea what you're doing and then suddenly people think that you're speaking a different language? >> clayton: i'd be worried. i've seen texts from gretchen, she's going from a blackberry keyboard to iphone. >> gretchen: imagine when that happens. it's going to be ugly. >> clayton: just
to establish a disteupblg distinctly western society. the obama administration is going to go down in history having viewed up more of the middle east and any president and administration of our past. gregg: a new controversy after the russian parliament votes to ban americans from adopting russian or fans, wha rophans. what is behind this idea and why russian critics say it victim myselfess kids. >> a newspaper gets its hands-on the names and addresses of gun permit holders and then push hreurbs the information online. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. heather: welcome back. so do you have plans nor new year as of eve? we hope that it includes fox news' all american new year's eve starting at 11:00pm eastern on new year's eve. our very own megyn kelly and bill hemmer will bring you the billing even big event from times scare
. and like every marriage, i think you have your ups and you have your downs, but if you work through the tough times, the respect and love that you feel deepens. >> reporter: you know, mrs mrs. obama, you told me at one point that you would never run for political office. you said that you don't have the patience for political life. patience for what? >> i have learned from my husband, watching him, that it does require a great deal of patience. to really feel the full impact of the work that you do on the ground. it doesn't happen right away. >> and she has a bigger difficulty biting her tongue. >> reporter: oh. >> i think i've done pretty well at that. >> not bad. >> i have opinions. >> she's got a few views. >> you know a little something about views. >> reporter: yes. something about views. yes, yes i do. >> sharing their views with the captain of "the view." and you can see much more on a special holiday edition of "nightline," christmas at the white house, with barbara walters. >>> we're going to move on now this evening to a former president whose health we're following closel
scwhann road down to the beltway. that's a look at your abc 2 news time saver traffic. megan and charley, over to you. >> thanks, lauren. >>> first lady michelle obama recently read "it was the night before christmas" to the patients at the medical center in washington. a creature was stirring, namely the obama family dog bo. the dog jumped on a lap and made himself right at home. the white house says visiting patients at the children's hospital, it is the first lady's holiday tradition dating back to the 1950s. >> it does not matter the size, all dogs think they are lap dogs. >> all dogs are lap dogs. >>> a puppy named john almost never got to be home with his family. >> thanks to the power of social media, he got there just in time for christmas. the adoption papers at the oregon humane society were signed and the belzer family, they were ready to take their puppy home. when the staff went to go get him, he was gone. he'd been stolen. the humane society put out a plea for help. >> folks in oregon care deeply about pets, and the social media pressure was outstanding. so i think when t
a message and i think he was attempting to do something. so i prefer him going down in an attempt to do something and move the ball than doing nothing. and, yes, president obama won the white house, but the american people also elected a majority of republicans back to the house. so what we have is a divided government where one of our chambers is in republican hands, the white house and the senate is in democrat hands. that means that the message the people were sending is that they want compromise. if president obama wants to build a legacy, get things done, complicated things like immigration, not just fiscal cliff, but all things on his to-do list, it requires compromise. and if the republicans don't want to be scenes as obstructioni obstructionists, they also immediate to compromise. we have to come to the realize that the election ises past. let's put politics aside and let's he get things done. >> ana navarro, maria dough in a, thanks so much. >>> david gregory under investigation. did he violate d.c.'s gun laws on the air? jeffrey toobin joins me straight ahead. >>> an unusual p
's top stories. christmas day storms killed at least three people. tornadoes touched down in the south. blizzard conditions in the midwest. more damaging storms are expected to stretch from texas to new england today. >>> only six days until the fiscal cliff. president obama is expected to cut short his vacation today and head back to washington to meet with republicans. >>> farmers worry about drought, insects, and disease. right now some say the biggest threat to their livelihood is congress. the fight in d.c. over the fiscal cliff is leaving the future uncertain for one law, and farmers depend on that law. >> reporter: eagle lake, texas, depends on rice. it's been grown here since the 1800s. drought is usually the biggest threat, but the nervous talk in the drugstore now is about congress. >> without the farm bill, it really makes it uncertain for what you should do next year. >> reporter: steve is a pharmacist here and a rice farmer. >> people are nervous. >> very nervous. >> what are they saying when they're coming in? what are you hearing? >> what do we do? they don't know what t
at christmas working on a scaled-down plan to avoid tax hikes for all but the wealthiest americans. his plan would also include short-term spending cuts instead of long-term deals that have been sought. president obama will cut short his hawaiian vacation around return to washington today to take part in those negotiations. christmas day the president and first lady met with servicemembers and families. the president told marines he was grateful for their service and posed for pictures. >>> more bay area headlines. one of santa's helpers put in a little overtime on christmas but instead of a sleigh and reindeer, san jose postal worker nancy ray used this a mail truck. ray is carrying on a decades old tradition of delivering packages to people on christmas. this is the third year ray has put her sant suit. she started working in the san jose post office 20 years ago and said this is a job she always wanted. >> some books, two things of presents. >> a relatively new christmas tradition continues in richmond as hundreds showed up at the community center. volunteers handed out food, presents and
morning long. bartlett's familiar quotations. let's go to break. >>> saw the courts hand down big decisions this year from the supreme court upholding president obama's health care well, well well. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording his dumb show then, by george, that's all we watched. and we liked it! today's kids got it so good. [ male announcer ] get u-verse tv with a total home dvr included free for life. only $29 a month for six months. rethink possible. ♪ ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] no more paper anything. safeway presents just for u. save more. save easier. saving more, starts now. just for u on the safeway app. >> your realtime captioner: linda marie macdonald. >>> good morning, it's 8:25. i'm for some news headlines. lots of fresh snow and traffic jams in the sierra. in the past 24 hours, there has been bumper-to-bumper traff
. >> mika and i sat down with the president at the site of the cgi meeting on the same day that both president obama and mitt romney were set to speak there. >> how would you characterize how he's been handling the collective problems that we're seeing percolating across the middle east? >> well, i think that first of all, i think they've done pretty well in a very chaotic situation. the arab spring was always going to have ups and downs or bumps in the road or whatever you want to call it. in libya, the tragic situation of the lost of our ambassador and the other americans, it's worth pointing out a couple of things. first of all, most of the libyan people who were aware of what's going on like the united states, they like the fact that we aggressively supported them and their desire to replace the gadhafi regime and decades of control and repression and a move to a more democratic system. the president of libya has asked to meet with me. we're going to have a nice visit. i think tomorrow. there were libyans who lost their lives in that attack, trying to protect americans. and that
down and enjoyed a tradit n traditional christmas dinner. the night before president obama called service members stationed overse overseas. when president obama returns to d.c., he and lawmakers will have just days to avert the so-called fiscal cliff. here is where everything stands. last week house speaker john boehner failed to get his own bill through the house. so now things are in the s senate's court. leaders there will have to come up with a compromise to avert the tax hikes and spending cuts set to go into effect during the first of the year. president obama had been working with house speaker john boehner, trying to get a big deal, but talks fell apart. so hopes for that have all but faded, the president conceding he would accept a smaller measure as long as it includes taxes going up on the wealthiest americans. if the country goes over the cliff, economists warn it could be dire. the average american would wind up paying about $2,000 more in taxes and eventually, savannah, if we go over the cliff and stay there, the economy could dip back into recession. now, lawmakers
a trap for firefighters we burning his own house down. his chilling words left behind in a note. >>> aloha means good-bye. president obama cuts his hawaiian vacation short to deal with the fiscal cliff. it is already too late? good morning, 7:00 in the east. i'm alina cho. >> and i'm drew griffin. soledad o'brien is off today. "starting point" begins right now. >>> our starting point, a cruel one. a one-two christmas punch from mother nature. tornadoes and blizzards tearing through the south and midwest. >> oh, my god. we need to go. it's right there. >> mobile, alabama, took a real beating. a twister blowing up transformers, leaving more than 25,000 customers without power. reports to damage to homes, a high school, and church. >> it came in behind the church right there, and then all green fluorescent lighting and popping transformers left and right. and we heard the crashing and everything and the power went out. >> i prayed to god as loud as i could, and i was just praying for my safety, and i knew the church was shaking. i just prayed that the church stayed put. >> here is
. obama went up. he went up to 400. that is negotiate. >> andrea: what has he done on entitlement? >> juan: what are you talking about? he did the chain cp that i shall would bring down. not true. i am telling you. >> andrea: boehner to his credit concedeed something. but the last one was not a smart one. >> greg: can we talk more about vampires? >> andrea: commercial break. now a word for our sponsor why we talk about vamps. coming up, is it okay to fire an employee for being irresistible? married dentist did just that. we'll tell you about it next. >> after working side-by-side, i didn't have any idea that that would have crossed his mind. ♪ ♪ >>> i'm doug mckelway in washington. the big story is continuing bloodshed in syria. tonight on "special report" we look at the fight on the ground and in the sky between the rebels and assad's forces. dealt a big blow after a top general defected citing violence against civilians. six are dead after a powerful winter storm system moved through northeast causing blizzard conditions for many and slower holiday travel. look at where you can expec
. president obama cutting his trip to hawaii short to work a deal that could avoid the fiscal cliff in a few days. we'll break down what's at stake in "your money." >>> if you got fewer presents under the tree, you may be ready. spending numbers are coming in, and they're not pretty. >>> plus, new numbers for apple's ipad mini and more. that's coming up on "worldwide exchange." >>> good morning and welcome to a special edition of "worldwide exchange." i'm jackie deangelis along with seema mody. ross and kelly are off for boxing day. they'll be back tomorrow. >> that's right. >>> let's get a brief check on the markets this morning. energy and metals are trading at this hour on the nymex. you see crude oil up .6%. brent crude also up. and take a look t yellow metal, gold. down just fractionally. now u.s. futures will begin trading in about a half-hour. the cme globex has been closed for christmas and will reopen at 6:00 a.m. eastern time. that also goes for treasuries and the foreign exchange market. >>> as for the action in the overseas market, the youu.k. is closed for boxing day as are brit
in an underground vault. >>> president obama cuts his holiday vacation short with his family. why he's leaving hawaii tonight. >>> storms that slammed through the south and killed three are moving toward the northeast this morning. twister touching down after night fall in mobile, alabama the tornado blew out transformers leaving thousands without power and damaged homes, high school and church, several injuries were reported. people in parts of florida and georgia sleeping uneasy tornado watches in effect there. >>> in new york police found a bed in the burned out home of the man who killed -- found a body in the burned out home of be the killers sister. two other firefighters are still in the hospital. police say ex-convict william spengler armed himself with weapons and set his house on fire to lure first responders into a trap he killed himself he left a note saying he wanted to burn down the neighborhood and kill as many people as possible. >>> san francisco woman accused of fatal hit-and-run in court today. police arrested 23-year-old gina eunice for leaving the scene after hitting four
why couldn't obama do that? one answer might be that he doesn't actually want him to be his first choice. you know, especially coming after the entire susan rice thing. they could have forced republicans to knock down susan rice in a more official way. but they let him get away without more heat. >> i love the idea that instead of a republican no offense to the republican party believe it or not coming from me, i would love to see this woman be nominated because as you point out, her qualifications are stellar. i think perhaps some republicans have been praising her for some of the wrong reasons. the truth is she has an incredible reputation. >> she has an incredible reputation. it would be a ground breaking nomination. first woman secretary of defense. i also love the fact she has young children and a family. that's just an amazing role model type of thing there. so i would like to see her in the position like i said. now my feelings are all complicated because i think maybe chuck hagel is the top choice. and if he is the top choice, then he should get the job and this should be
. >> jamie: well, at this hour there are no reports of tornadoes just touching down in some states as other states are dealing with blizzard warnings. coming up, we will give you update on the wicked weather that's effecting millions. and it looks like president obama may be cutting short his vacation to actually deal with the fiscal cliff deadline. he isn't the only one. there is new developments coming in right now and we'll have them for you next. [ boy ] there i was. another holiday stuck at the kids table again. then it happened. every boy's dream. i got called up to the big leagues. i was finally a man... on my way to shaving, driving and staying up past midnight. [ whoosh ] [ whoosh ] [ whoosh ] being an adult is overrated. [ male announcer ] holidays aren't the same without the real cream of reddi-wip. the sound of reddi-wip [ whoosh ] is the sound of joy. [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the
they were in 94 when all these subsidies began. all of these are supposed to bring costs down, but it's had the opposite effect. the g.o.p. is in disarray, i think that's fair to say. they missed an opportunity to not raise tax rates. now president obama is ready to fall off the cliff to bring in more money for the government. joining us now is doug schoen. doug, i've got to ask you directly because you hear a lot of this off the cliff stuff. specifically what would happen? what would happen to the private sector? what would happen to the government if we go off the fiscal cliff? >> sure, well, it's anyone's guess, but i think we will see economic activity slow down, david. i think we're going to see with the certainty of tax rates raising on all of us, that people contract their economic activity and given the cbo estimate, if we go into a recession, i think it will be cataclysmic for the american economy. david: specifically with the government, i remember during the clinton years when we had that debt ceiling thing that we went off of and that the government shut down -- would we see a s
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